Nordea Group – FATCA information

Many countries have signed an agreement with the US, called an Intergovernmental agreement (IGA). This agreement derives from the US tax legislation FATCA (Foreign Account Tax Compliance Act). Under the agreement/law financial institutions all over the world are required to identify and report the aggregated amounts on accounts held by US persons to the local tax authorities, who report to the US Internal Revenue Service (IRS).

Under the U.S. Foreign Account Tax Compliance Act (FATCA) and Intergovernmental agreements (IGAs) the Nordea Group has registered its relevant legal entities and branches with the IRS.